ADA Token Drops 5.31% Amid Retail Sell-Offs, Whales Accumulate 490 Million ADA on Strong Volume

Cardano (ADA/USDT) experienced a 5.31% price decrease over the past 24 hours, with the current price at $0.5423 on Binance, down from a 24-hour open of $0.5727. The decline is attributed to ongoing retail investor sell-offs amid a broader market downturn and technical indicators such as a recent "death cross" and a falling channel pattern, despite ongoing accumulation by large investors ("whales") who have added 490 million ADA since early January. Trading activity remains strong, with 24-hour volume reaching up to $1.05 billion and a circulating market capitalization near $20.65 billion, indicating continued interest in ADA despite recent volatility.